Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

constructive transfer

Read a random definition: go bail

A quick definition of constructive transfer:

A constructive transfer is when someone gives away or gets rid of something they own, either directly or indirectly, even if they still have some control over it. This can include things like selling, giving as a gift, or putting a lien on the item. It can also refer to someone else delivering an item on the owner's behalf. However, if someone tries to pretend to give something away or hide it from their creditors, that is called a fraudulent transfer.

A more thorough explanation:

Constructive transfer refers to any mode of disposing of or parting with an asset or an interest in an asset, including a gift, the payment of money, release, lease, or creation of a lien or other encumbrance. It can be direct or indirect, absolute or conditional, voluntary or involuntary. This term also includes retention of title as a security interest and foreclosure of the debtor's equity of redemption.

For example, if a person sells their car to another person, it is a direct and voluntary constructive transfer. However, if a person gives their car to their friend to sell it on their behalf, it is an indirect and conditional constructive transfer.

Another example of constructive transfer is when someone delivers an item, especially a controlled substance, by someone other than the owner but at the owner's direction.

It is important to note that a colorable transfer, which is a sham transfer having the appearance of authenticity, is not a valid constructive transfer.

constructive total loss | constructive treason

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
matt gaetz ethics report released
paid for sex with a junior in high school
guarantee people still defend him
LSD+ is ad-free, with DMs, discounts, case briefs & more.